Japan’s export will grow together with global trade
Japan’s export share has remained stable at slightly below 5% since the mid-2010s, except for a brief swing before and after the global financial crisis. The fluctuation is best understood in the context of the adjustment by manufacturers to the increase in overseas production and shift towards higher value-added exports, as other Asian economies emerged as “Factory Asia.”
What you will learn:
- As this adjustment process has been almost completed, we expect Japan’s export share to remain stable for some years.
- A favourable demand environment for capital goods and IT-related goods exports will continue.
- Auto exports, which have been dragged down by supply-chain disruption, will also see a recovery as supply-side constraints gradually ease
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